Galaxy Surfactants IPO date starts today, 29th Jan 2018 and will remain till 31st Jan, 2018. Should you invest in this IPO? Will Galaxy Surfactants share price rise after it is launched?
Here are some insights that will help you to make an informed decision.
UPDATE: Subscribed 1.24 times at the end of Day 2.
UPDATE: Galaxy Surfactants lists at 3% gain.
Galaxy Surfactants IPO Details
|Issue Open Dates||29th Jan – 31st Jan 2018|
|Issue Size||Equity Shares of Rs 10|
|Issue Price||Rs 1,470-1,480 per share|
|Market Lot||6,331,674 shares|
|Listing at||BSE, NSE|
|Minimum Bid||10 shares|
Should I Invest in Galaxy Surfactants IPO?
Are you an experienced stock market investor? If you are, then you should analyze carefully the details of this company and take a call.
If you are new to investing, its best to stick to mutual funds.
Mutual funds pool money from investors (like you) and in turn invest in the stocks of companies. These mutual funds are run by fund managers whose sole job is to analyze and make correct investments.
Mutual funds come in various types. Let’s say you are interested in investing in the consumer goods sector. You can choose to invest in an FMCG mutual fund like SBI FMCG Fund.
Mutual funds are explained better later in this article. Read till the end to know more.
Galaxy Surfactants India Information
Galaxy Surfactants India is a company based out of Mumbai, India. It was established in 1986.
It manufactures surfactants and other ingredients commonly used in consumer products.
With this IPO in 2018, Galaxy Surfactants aims to raise a total of Rs 937 crores.
Galaxy Surfactants Limited makes ingredients that can be broadly categorized into categories: home-based products and personal care products.
Galaxy Surfactants makes ingredients that go into making nearly all types of consumer products including but not limited to skin care, hair care, dental care, toiletries, detergent products, and so on.
It is a supplier to nearly all major FMCG companies in India.
It has 7 manufacturing facilities in all. 5 of those facilities are in India and the rest are abroad.
Performance of Galaxy Surfactants
Multiple brokerages maintain a buy rating for Galaxy Surfactants.
The company had tried to raise Rs 200 crore in 2011 but decided to not list on seeing a tepid response from potential investors.
SSJ Finance, Hem Securities, and Centrum Broking are a few brokerages among more that are positive about this IPO.
Mutual Funds for 2018
As mentioned earlier, mutual funds are ideal for you if you are not a seasoned investor in the stock markets or don’t have the time to research the markets.
Below are some good funds you can look to investing in.
Large Cap Fund:
These funds invest in large companies that have a history of good performance and stable balances. These are ideal for investing for a period of over 4 years.
- SBI Bluechip Fund – gave over 18% per annum over the last 5 years.
- Mirae Asset India Opportunities Fund – gave over 20% per annum over the last 5 years.
Mid Cap Fund:
These are funds that are high risk – high return. They’re a bit riskier than large-cap funds.
- Aditya Birla Small & Midcap Fund – this fund gave nearly 28% per annum over the last 5 years.
- L&T Midcap Fund – this fund gave over 29% per annum in the last 5 years.
Small Cap Fund:
These are the funds that you can invest in if you want very high growth. They are riskier than large-cap funds.
- HDFC Small Cap Fund – this fund gave over 50% per annum over the last 1 year.
- Reliance Small Cap Fund – this fund also gave over 50% returns over the last 1 year.